100% Reasons Why You Must Invest in Real Estate

Some people are already biting their fingers because when they had the chance in acquiring landed properties they never made good use of it, at the time when land and properties in Lagos were at a give-away price, at the time when civil servants were given lands in SURULERE, YABA, EBUTE-META  and the money was been  deducted from their salaries. “Life was sweet then”, said to me by my late grandmother. The story has changed but the ball is still in our court.

Back then our grandparent thought why should they acquire so much Land and Properties, but now the story has changed.  For instance, In Lekki phase 1, some lands go for as high as =130 million Naira (about $1 million U.S. dollars). Some properties in Victoria Island and Ikoyi have a purchase price as high as =N=400 million Naira (about $2.5 million U.S. dollars) those prices are frightening. Many feel that Lekki, Ikoyi and Victoria Island properties are overpriced.

Another example is a 3 bedroom bungalow in Sparklight estate on the Lagos Ibadan expressway sold for 6.5 million Naira two years back. Today, this month that same apartment goes for 14 million which is over times two of 6.5million sold two years back. Real estate prices are rising at an alarming rate in Lagos Nigeria. And this is because the population of Lagos is rapidly rising because more and more people are coming into Lagos, the state with the largest economy and the most populated in Africa in search of the good living. This is the more reason you are to invest or own a property now before it gets too late.
.................. invest in your future, think of years to come

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